Honeywell International Inc. $HON Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 19.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 18,667 shares of the conglomerate’s stock after selling 4,569 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Honeywell International were worth $4,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HON. Nuveen LLC bought a new position in Honeywell International in the first quarter worth about $1,150,929,000. Wellington Management Group LLP raised its position in shares of Honeywell International by 8.9% during the 1st quarter. Wellington Management Group LLP now owns 15,751,951 shares of the conglomerate’s stock worth $3,335,476,000 after purchasing an additional 1,293,137 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Honeywell International by 64.6% in the 1st quarter. Alliancebernstein L.P. now owns 2,652,344 shares of the conglomerate’s stock worth $561,634,000 after purchasing an additional 1,041,273 shares during the last quarter. Vista Cima Wealth Management LLC acquired a new position in Honeywell International during the 1st quarter valued at approximately $164,000. Finally, Kingstone Capital Partners Texas LLC acquired a new position in Honeywell International during the 2nd quarter valued at approximately $140,816,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, CEO Lucian Boldea sold 42,149 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $221.58, for a total value of $9,339,375.42. Following the completion of the sale, the chief executive officer owned 10,334 shares of the company’s stock, valued at $2,289,807.72. This trade represents a 80.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HON has been the topic of several analyst reports. HSBC dropped their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup lifted their price objective on shares of Honeywell International from $251.56 to $267.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group decreased their target price on shares of Honeywell International from $230.00 to $220.00 in a research report on Monday, November 3rd. TD Cowen cut their price target on Honeywell International from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Monday. Finally, Wells Fargo & Company increased their price objective on Honeywell International from $220.00 to $230.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.13.

Honeywell International Price Performance

NASDAQ HON opened at $201.59 on Thursday. The company’s 50 day simple moving average is $207.57 and its 200 day simple moving average is $218.19. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.36 and a quick ratio of 1.04. The firm has a market capitalization of $127.99 billion, a PE ratio of 21.24, a P/E/G ratio of 2.73 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $228.04.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Monday, December 11th. The conglomerate reported $2.25 EPS for the quarter. Honeywell International had a return on equity of 38.11% and a net margin of 15.07%.The company had revenue of $8.95 billion for the quarter. Honeywell International has set its Q4 2023 guidance at 2.530-2.630 EPS. FY 2023 guidance at 9.100-9.200 EPS. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.19 per share. This is an increase from Honeywell International’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.76 annualized dividend and a yield of 2.4%. Honeywell International’s dividend payout ratio (DPR) is presently 50.16%.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.